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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Jun. 30, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,533,237 $ 3,196,990
Accounts receivable, net 40,572,757 39,522,737
Other receivables, net 148,894 238,383
Prepayments, net 7,720,452 213,596
Security deposits, net 237,409 2,352,742
Current assets of discontinued operations 63,185 174,467
Total current assets 50,275,934 45,698,915
OTHER ASSETS    
Plant and equipment, net 3,455,993 3,335,229
Intangible assets, net 437,989 462,738
Goodwill 5,185,866 0
Right of use assets 2,725,747 0
Deferred tax assets 648,768 0
Other receivables 39,685 9,597
Other assets of discontinued operations 579,452 1,844,838
Total other assets 13,073,500 5,652,402
Total assets 63,349,434 51,351,317
CURRENT LIABILITIES    
Short-term loans - banks 4,359,210 4,150,309
Loans from third parties 5,013,117 2,449,048
Total current loans from related parties 0 329,120
Current maturities of long-term loan - bank 777,558 0
Convertible debenture, net 4,768,312 0
Accounts payable 7,510,432 8,654,056
Customer deposits 1,266,073 704,354
Customer deposits - related party 27,395 29,643
Other payables and accrued liabilities 1,942,014 420,359
Other payables - related parties 2,234,980 1,245,864
Operating lease liabilities 49,171 0
Taxes payable 3,342,127 2,974,059
Current liabilities of discontinued operations 1,445,201 1,872,053
Total current liabilities 32,735,590 22,828,865
OTHER LIABILITIES    
Long-term loan - bank 0 866,231
Loans from third parties 2,074,871 3,131,007
Long-term loans - related parties 713,325 0
Operating lease liabilities - noncurrent 581,083 0
Other liabilities of discontinued operations 417,729 0
Total other liabilities 3,787,008 3,997,238
Total liabilities 36,522,598 26,826,103
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Ordinary shares, $0.01 par value, 50,000,000 shares authorized, 23,971,084 and 21,964,027 shares issued and outstanding as of June 30, 2020 and 2019, respectively 239,711 219,640
Additional paid-in capital 15,765,411 11,031,937
Deferred share compensation (47,708) 0
Statutory reserves 1,670,367 1,496,642
Retained earnings 7,034,899 12,085,566
Accumulated other comprehensive loss (856,218) (308,571)
Total China Xiangtai Food Co., Ltd. shareholders' equity 23,806,462 24,525,214
NONCONTROLLING INTERESTS 3,020,374 0
Total equity 26,826,836 24,525,214
Total liabilities and shareholders' equity $ 63,349,434 $ 51,351,317